Beaverton, MI vs Iron River, MI

Iron River is moderately more affordable than Beaverton, with a 13.2% lower cost of living index. Beaverton scores 59 compared to 52 for Iron River, where the US average is 100. This difference means residents of Beaverton can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Beaverton is $625/month compared to $435/month in Iron River — a 44% difference. Home values follow the same pattern: Iron River is more affordable at $75,000 median vs $102,900.

Median household income in Beaverton is $31,625 compared to $48,750 in Iron River (-35.1%). Iron River offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Beaverton spend roughly 23.7% of their income on rent, more than the 10.7% in Iron River.